Two former Parramatta Eels players are accused of harbouring semi-automatic weapons and possessing more than half-a-million dollars in cash after dramatic arrests in Sydney's Centennial Park yesterday.

Man pleads guilty over death of pizza king

Mr Pantaleo, 53, was killed when his motorbike was hit in suburban St Kilda at the intersection of St Kilda Road, Fitzroy Street and Punt Road in 2010.

While motorist Michael Luciano Polizzi had run a red light during the fatal collision, he is unlikely to serve immediate jail over the death of the La Porchetta pizza restaurant chain founder, the Victorian County Court heard on Wednesday.

Chief Judge Michael Rozenes said Polizzi had a period of inattention lasting a few seconds when he ran the red light at the intersection, which authorities considered to be dangerous and confusing.

The judge said the traffic lights were poorly positioned and since the fatal crash the intersection had been upgraded.

Polizzi, 35, of Pascoe Vale South, pleaded guilty to a charge of dangerous driving causing death after Judge Rozenes indicated he was likely to impose a fully suspended jail term.

Defence barrister Julian McMahon said there was poor signage and light commercial vehicles were on either side of his client when he failed to see the lights.

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Prosecutor Kieran Gilligan agreed a wholly suspended jail term was within an appropriate range of sentencing options.

"The crown understands no more deaths have occurred at the intersection since it was improved," Mr Gilligan said.

Mr Pantaleo, an Italian immigrant, opened his first pizza restaurant at Rathdowne Street in Carlton in 1985 and built his business into an international franchise chain.

The controversial figure had a string of driving convictions that included speeding, exceeding a 0.5 blood alcohol content, and driving while disqualified.

In 1997 Mr Pantaleo shot dead Keith Desmond Lane, who'd made allegations about the sexual assault of a teenage waitress.

He was later cleared of criminal responsibility and given a suspended sentence for possessing the illegal gun used to shoot Mr Lane, but was convicted in 1998 and fined $10,000 on charges of indecently assaulting the waitress.

Mr Pantaleo pleading guilty in 2009 to illegal building works outside his North Carlton restaurant following a gelati turf war.

Judge Rozenes extended Polizzi's bail and adjourned the case for a pre-sentence hearing on November 13.